Category Archives: fools ‘n frauds

Doomsday? No-Deal Brexit Impact on UK Light Vehicle Market

If the UK leaves the EU without a deal, then the LMC assumption would be that vehicles exported to the EU from the UK would be subject to a tariff of 10% as the UK would, by then, have become a ‘third country’ under EU trade rules. Continue reading

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California, Federal Fines and extended Warranties and Fixes Cost Fiat Chrysler at Least $800m for Diesel Cheating

Companies and their board of directors may not believe in global warming, but regulators backed by ruinous fines along with alarmed shareholders and customers are making them act as if they do. Continue reading

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Non-Representative Government? Religions of the 116th Congress

By a wide margin, the largest difference between the U.S. public and Congress is in the share who are unaffiliated with a religious group. In the general public, 23% say they are atheist, agnostic or “nothing in particular.” In Congress, just one person – Sen. Kyrsten Sinema, D-Ariz., who was recently elected to the Senate after three terms in the House – says she is religiously unaffiliated, making the share of “nones” in Congress 0.2%. Continue reading

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Japanese Scrooges Run Amok as Carlos Ghosn Re-Arrested. Christmas Locked Up for the Gaijin!

Prosecutors then re-arrested Ghosn on new charges in a sordid tale that goes back to Ghosn’s first arrest on 19 November 2018. Ghosn could now be in a tiny jail cell for another 10 days or more, where he has been locked up since last month on initial allegations of financial misconduct. Continue reading

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Trump Record Deficit Watch – Another Proposed Increase

More than a year ago, President Trump pledged to eliminate the national debt “over a period of eight years.” But for the first time in history, the national debt surpassed $21 trillion, while Trump is facing 17 criminal investigations, another presidential record. Continue reading

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General Motors Kisses Trump’s Butt

This was after its actions yesterday revealed the weakness if not downright falsity of President Trump’s claim to be creating jobs… “We appreciate the actions this administration has taken on behalf of industry to improve the overall competitiveness of U.S. manufacturing.” Continue reading

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Aston Martin Cuts Deal with Yas Marina Circuit in Abu Dhabi

Aston Martin’s 105-year history is steeped in competitive motorsport and this latest partnership with the most expensive – 1$ billion – F1 circuit in the world, “reinforces that commitment.” Aston Martin currently competes at the top-level of motorsport with Aston Martin Red Bull racing in Formula One and Aston Martin Racing in the World Endurance Championship (FIA WEC). Continue reading

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WLTP How Does It Work? Will it Work?

After the scope of the Dieselgate scandal was revealed by American University and regulatory agency tests, an embarrassed European Union has developed a new test, called the Worldwide Harmonized Light Vehicle Test Procedure (WLTP). Continue reading

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European Market Sinks. One-Third of Model Versions Not legal

Alternative-fueled vehicles continued to gain traction with their market share increasing by 2 percentage points to 7.5%, while demand for pure electric cars grew immensely, with volume up by 70%. Continue reading

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Auto Workers Strike at Hyundai Motors, Kia Motor and GM

Auto workers at Hyundai Motors, Kia Motor, General Motors (GM), shipyard workers at Hyundai Heavy Industries, Daewoo Shipbuilding and Marine, and auto parts workers at Hyundai Mobis and other major components workers went on strike for four hours or more. Continue reading

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Americans Like Other World Leaders Over Trump

In the auto industry Trump’s bellicose nature, ill thought tariffs and threatened trade restrictions have wreaked havoc to no discernible positive affect. Even the tax cut for the wealthy hurt the car making and car buying middle class. Continue reading

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Dieselgate Spin Says Modern Diesels Emit Low Emissions

What’s missing of course are older generation designs which are being re-calibrated or shipped elsewhere or cancelled. Testing here by the German automakers association (ADAC) that the best-performing RDE-compliant Euro 6 diesels emit as much as 95-99% less NOx than the older Euro 5 vehicles. Too bad about the millions upon millions of these dirty diesels on the road. Continue reading

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Governor Brown, Attorney General Becerra, CARB Chair Nichols to Demand Trump Administration Withdraw Proposal to Eliminate National Clean Car Standards Today

The state will also release its formal analysis and comments on the federal proposal, showing it is riddled with errors and based on faulty assumptions, incorrect modeling, cherry-picked data and a fundamental misunderstanding of consumer behavior. It will also note that the current, achievable standards save consumers money, prevent serious health issues and help curb harmful carbon emissions. Continue reading

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Thirteenth Guilty Plea Ends Parts Bid-Rigging Investigations

A Competition Bureau investigation determined that INOAC entered into illegal agreements with a competing Japanese parts manufacturer. The companies conspired to determine who would win certain calls for bids issued by Toyota in 2004 for the supply of plastic interior car parts. The parts were used in Toyota Corollas manufactured and sold in Canada between 2008 and 2014. Continue reading

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Dieselgate – Audi Fines of ~$1 Billion hit Porsche Guidance. Porsche is Economical with the Truth on Ongoing Risks.

Porsche rules out however a spin off ala Ferrari that could value and independent company at more than $80 billion. The remaining outstanding fraud case from the noxious diesel emissions scandal is remains ongoing in Stuttgart, where state prosecutors are investigating the role Volkswagen’s sports car brand Porsche played in the sordid diesel affair. Continue reading

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